From London’s Sunday Telegraph we get the following quote,
Nothing more poignantly reflects the collapse of the great global warming scare than the decision of the Chicago Carbon Exchange, the largest in the world, to stop trading in “carbon” – buying and selling the right of businesses to continue emitting CO2. Despite a series of unconvincing attempts to clear the Climategate scientists, it has become clear that the 20-year-old climate scare is dying on its feet. — Christopher Booker, The Sunday Telegraph, 14 November 2010
For those who have read my Examiner articles, you know well the radical antics of the founders of the Chicago Climate Exchange. For those of you who are not familiar with this group, one of the founders was a fellow named Maurice Strong. Strong is a former advisor to Kofi Annan, the former Secretary General of the UN. Strong wrote much of the Kyoto Protocol and included the sale of carbon credits in the text. After being implicated in the UN oil for food scam he moved to China to avoid possible prosecution in the US and served on the board of directors for the Exchange (CCX). He was tied very closely with Al Gore who nominated Strong for a position on the World bank. Gore’s company, Generation Investment Management, worked closely with CCX. That CCX has now given up on the Cap and Trade scam, my description, was cited by Booker as a sure sign of the collapse of man-made global warming as a cause.
it was claimed that the Chicago Exchange would be at the centre of a global market worth $10 trillion a year, and that “carbon” would be among the most valuable commodities on earth
Strong had become a multi-billionaire and stood to become even richer had the US passed Cape and Trade. We didn’t, and thank God for that!
Today, after the collapse of Copenhagen and the cap and trade bill, the carbon price, at five cents a ton, is as low as it can get without being worthless.
It doesn’t get any worse for the AGW crowd than that. But AGW hype couldn’t be any worse for us either. Mr Booker discusses the folly of replacing coal-fired plants and nuclear power with wind mills and solar cells. Britain has some overly expensive subsidies for both solar and wind as does the USA and it isn’t doing any more good there than it does for us. It is a feel good thing that is about as effective as Don Quixote tilting at windmills. It appears equally as ludicrous.
Booker goes on to discuss some of the implications, primarily for Britain, of AGW’s fall from grace but laments that the MP’s don’t get it. That’s OK Mr. Booker, our elected officials don’t get it either. Perhaps with the new influx of Tea Party candidates, recently elected, that will change.